Cushman to Buy
Canada's LePage
For $55 Million

By

Ryan Chittum Staff Reporter of THE WALL STREET JOURNAL

Updated Sept. 28, 2005 12:01 a.m. ET

Cushman & Wakefield Inc. is expected to announce today that it is buying Royal LePage Commercial Inc., the biggest commercial real-estate broker in Canada in terms of market share, from Brascan Corp. The sale price was expected to be about $55 million, a person familiar with the matter said.

Cushman & Wakefield, based in New York, has offices in 52 countries but had been limited in Canada to a partnership with LePage. The...